Singapore will regulate ICO

Monetary Authority of Singapore released guidelines stating that initial coin offerings may be regulated and tokens may be considered securities
15 November 2017   520

On November 14, Monetary Authority of Singapore, whose mission is to promote sustained non-inflationary economic growth, released guidelines concerning digital token offerings. The guidelines also presented several case studies concerning cryptocurrencies and initial coin offerings.

As it was stated in the guide, tokens sold through the ICOs based on blockchain may be considered as securities under certain conditions based on the provisions of the country’s Securities and Futures Act and the Financial Advisers Act. Maintaining digital tokens may also be regulated by Monetary Authority of Singapore if the digital tokens are capital markets products under the SFA. As it is claimed, capital markets products include any securities, futures contracts and contracts or arrangements for purposes of leveraged foreign exchange trading.

Digital tokens that perform functions which may not be within MAS' regulatory purview may nonetheless be subject to other legislation for combating money laundering and terrorism financing.

A Guide To Digital Token Offerings

Previously, an official representing Monetary Authority of Singapore, which serves as the central bank and financial regulator of Singapore, used to claim that MAS had no plans of regulating cryptocurrencies.

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Ambrosus to Release Updated Roadmap

Ambrosus is releasing the updated roadmap on February 21, and organizing an AMB Twitter giveaway contest for its active members
20 February 2018   61

Ambrosus project aims to radically improve the global supply chains by creating a trusted ecosystem where it can reliably record the entire history of products and execute commercial transactions accordingly. Combining high-tech sensors, blockchain protocol and smart contracts, it is building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products.

Ambrosus has announced that it is releasing the updated roadmap on February 21, and in order to celebrate the release, it is organizing an AMB Twitter giveaway contest for its active members.

Ambrosus roadmap release and contestAmbrosus updated roadmap release and giveaway contest

Currently, Ambrosus is trading at such exchanges as Binance, Kucoin, Coinrail, HitBTC, Gatecoin, Livecoin and EtherDelta.

At the moment of press, these are main market parameters of Ambrosus:

Average price: $0,790852
Market cap: $114 350 062
24h volume: $19 186 800